DislikedHello Ronnierott,
Thank you for this strategy. I am trying to learn break-outs for a while and this one sure looks great.
Could you please tell me if I am getting this right?
On the image I have attached below,
* The "Yellow" arrow marked Candle touched the 15 EMA the closed below it at 1.4822 (Red line), so we call it the setup candle and place a Sell Limit at 1.4812 (Blue line) ?Ignored
Hi AmareX,
The first thing to look at is the MACD.
In this instant it's green, so you are only going to be looking at long trades. The setup candle will be one that touches the 15 EMA and closes above it (As long as the rest of the criteria is met, as per the instructions on the first page of this thread)
Hope this helps.